XRP Price Will See 1,000% Rally When ‘Black Cloud’ Dissolves, What This Means
January 27 2024 - 7:30PM
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The host of the ‘Discover Crypto’ YouTube channel has boldly
claimed that the XRP price could surge by 1000% from its current
price range. He highlighted the Securities and Exchange
Commission’s (SEC) case against Ripple as one of the factors that
could spark this price surge. XRP Price Could Do A 10X When
Ripple And SEC Settle In a video posted on the YouTube channel, the
analyst suggested that XRP would rise significantly once Ripple and
the SEC finally settled. He described this long-running legal
battle between both parties as a “black cloud” that has
continued to cause uncertainty in the XRP market. Related Reading:
Prepare For Impact: US Government Will Dump $130 Million Worth Of
Bitcoin He further noted how investors strongly dislike
uncertainty, which could explain why they have continued to trade
with caution rather than doubling down on their XRP investments.
Meanwhile, the ‘Discover Crypto’ host believes that irrespective of
how much Ripple ends up being fined, a settlement will no doubt be
‘positive news’ and the trigger for the price surge. The
crypto analyst went on to break down four other reasons why he
believes that XRP’s price could surge by 1000%. First, he stated
that a Ripple Initial Public Offering (IPO) could also trigger a
significant rally for XRP. This price pump, he claims, will be
facilitated by market makers and whales who would want to create a
positive sentiment around the IPO launch. To back up this point, he
alleged that the biggest move for Bitcoin in 2021 wasn’t as a
result of Bitcoin Halving or any market cycle but because of the
Coinbase IPO. These same market makers are said to have pumped the
flagship crypto’s price then. Token price at $0.53 | Source:
XRPUSD on Tradingview.com Other Factors That Could Spark XRP’s
Parabolic Move The crypto analyst outlined crypto legislation as
the third reason why XRP could rise exponentially from its current
price levels. While admitting that the entire crypto market will
benefit from this, he expects XRP to be one of the tokens that
enjoy the most gains from this development. Related Reading:
Report Shows Polygon Users Rivaled Ethereum In 2023, But Why Has
Price Failed To Clear $1? Institutional adoption is also predicted
to be another catalyst in XRP’s parabolic move. The ‘Discover
Crypto’ host noted how the Spot Bitcoin ETFs have opened the doors
to mainstream adoption. As such, he expects that more entities will
want to add crypto tokens like XRP to their portfolio alongside
their Bitcoin exposure. The fifth factor that could spark the 1000%
rally for XRP is the Bitcoin Halving. The crypto analyst predicts
that all crypto tokens, including XRP, are going to pump
post-halving. As such, he believes that buying XRP at $0.50 now is
definitely a steal. Featured image from Crypto News, chart
from Tradingview.com
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